Fortune Magazine has a lengthy article about Chinese electric car maker BYD and the decision by Warren Buffett to violate his own rules of investing and buy a 10% stake in it:
Last fall Berkshire Hathaway bought 10% of BYD for $230 million. The deal, which is awaiting final approval from the Chinese government, didn’t get much notice at the time. It was announced in late September, as the global financial markets teetered on the abyss. But Buffett and Munger and Sokol think